MARA 筹集 8.5 亿美元零息票据以推动比特币发展

华尔街市值最大的比特币矿商 MARA Holdings, Inc.（纳斯达克股票代码：MARA）已成功完成 8.5 亿美元的零息可转换优先票据发行。

MARA Holdings, Inc. (NASDAQ:MARA), the biggest Wall Street Bitcoin miner by market cap, has announced the successful completion of an $850 million offering of zero-coupon convertible senior notes, making it one of the largest such offerings in the digital asset sector this year.

华尔街市值最大的比特币矿商 MARA Holdings, Inc.（纳斯达克股票代码：MARA）宣布成功完成 8.5 亿美元的零息可转换优先票据发行，使其成为数字领域最大的此类发行之一。今年资产板块。

The company secured approximately $835.1 million in net proceeds after initial purchasers' discounts and commissions. Out of the total proceeds, MARA plans to allocate $48 million to repurchase its existing convertible notes due 2026, with the substantial remainder earmarked for Bitcoin acquisitions and general corporate purposes.

扣除初始购买者折扣和佣金后，该公司获得了约 8.351 亿美元的净收益。在总收益中，MARA 计划拨款 4800 万美元用于回购 2026 年到期的现有可转换票据，其余大部分专门用于比特币收购和一般企业用途。

notably, the notes feature distinctive terms, including zero regular interest and no principal accretion. Holders can convert their notes into cash, MARA common stock, or a combination thereof, at the company's discretion. The initial conversion rate is set at 28.9159 shares per $1,000 principal amount, equivalent to approximately $34.58 per share – representing a 40% premium over recent trading prices.

值得注意的是，这些票据具有独特的条款，包括零定期利息和无本金增值。持有人可以根据公司的决定将其票据转换为现金、MARA 普通股或其组合。初始转换率为每 1,000 美元本金 28.9159 股，相当于每股约 34.58 美元，较近期交易价格溢价 40%。

$850 million with zero interest. MARA has closed its second convertible note offering with 0% interest. The proceeds will primarily be used to acquire bitcoin and partially repurchase existing convertible notes due 2026.https://t.co/eepRdIPLnm

8.5 亿美元，零利息。 MARA 已完成第二次可转换票据发行，利率为 0%。所得款项将主要用于收购比特币并部分回购 2026 年到期的现有可转换票据。https://t.co/eepRdIPLnm

Earlier this week, MARA announced its convertible notes offering, stating plans to raise $700 million along with an additional $105 million. However, the final amount turned out to be slightly higher.

本周早些时候，MARA 宣布了可转换票据发行，表示计划筹集 7 亿美元，并额外筹集 1.05 亿美元。然而，最终金额略高。

On Wednesday, shares of the company rose by 3.3% during the Wall Street session and closed just under $26, maintaining levels near five-month highs.

周三，该公司股价在华尔街交易时段上涨 3.3%，收盘价略低于 26 美元，维持在五个月高点附近。

MARA has included optional redemption rights starting June 5, 2029, subject to specific price conditions, while noteholders can require repurchase on June 4, 2027, and June 4, 2029. The company also granted initial purchasers a 13-day option to acquire an additional $150 million in notes.

MARA 已包含从 2029 年 6 月 5 日开始的可选赎回权，但须符合具体价格条件，而票据持有人可以要求在 2027 年 6 月 4 日和 2029 年 6 月 4 日回购。该公司还授予初始购买者 13 天的选择权，以购买额外的债券1.5亿美元的票据。

In a separate move this week, MARA entered into a definitive agreement to acquire a wind farm in Hansford County, Texas, marking a significant expansion of its sustainable energy infrastructure. The facility features 240 MW of interconnection capacity and 114 MW of operational wind generation capabilities.

本周，MARA 签署了一项最终协议，收购德克萨斯州汉斯福德县的一座风电场，标志着其可持续能源基础设施的重大扩张。该设施具有 240 兆瓦的互连容量和 114 兆瓦的运营风力发电能力。

The Fort Lauderdale-based digital asset company plans to develop and operate a behind-the-meter data center powered entirely by the site's wind capacity, effectively operating at zero-marginal energy cost. This strategic move aligns with MARA's broader initiative to transform underutilized sustainable resources into economic value.

这家总部位于劳德代尔堡的数字资产公司计划开发和运营一个完全由该站点的风力发电能力供电的用户侧数据中心，以零边际能源成本有效运营。这一战略举措与农业农村部将未充分利用的可持续资源转化为经济价值的更广泛举措相一致。

“This acquisition serves as a blueprint for how the energy and data center sectors can collaborate to create long-term value while advancing sustainability initiatives,” said Fred Thiel, MARA’s Chairman and CEO.

MARA 董事长兼首席执行官 Fred Thiel 表示：“此次收购为能源和数据中心行业如何合作创造长期价值，同时推进可持续发展计划奠定了蓝图。”

“By repurposing machines and energizing them with 100% renewable, zero-marginal energy cost, we’re leveraging renewable resources that would have otherwise been curtailed, reducing our bitcoin production costs through vertical integration, and demonstrating MARA’s commitment to environmental stewardship.”

“通过重新利用机器并以 100% 可再生、零边际能源成本为它们提供动力，我们正在利用本来会被削减的可再生资源，通过垂直整合降低我们的比特币生产成本，并展示 MARA 对环境管理的承诺。”

Nearly a month ago, the company reported a net loss of $124.8 million for Q3 2024. This occurred despite a 34.5% increase in revenue compared to the same period last year, bringing total revenue to $131.6 million. The loss was largely driven by a $40 million increase in operational expenses, which outpaced the growth in revenue.

近一个月前，该公司公布 2024 年第三季度净亏损 1.248 亿美元。尽管收入较去年同期增长 34.5%，总收入达到 1.316 亿美元，但还是出现了净亏损。亏损主要是由于运营支出增加了 4000 万美元，超过了收入的增长。